American Superconductor Corp [NASDAQ: AMSC] traded at a high on Thursday, posting a 34.17 gain after which it closed the day’ session at $34.24.
The results of the trading session contributed to over 6528373 shares changing hands. Over the past one week, the price volatility of American Superconductor Corp stands at 11.95% while the volatility over the past one month is 7.36%.
The market cap for AMSC stock reached $1.35 billion, with 39.86 million shares outstanding and 37.72 million shares in the current float. Compared to the average trading volume of 1.31M shares, AMSC reached a trading volume of 6528373 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about American Superconductor Corp [AMSC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMSC shares is $33.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMSC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for American Superconductor Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 03, 2022. The new note on the price target was released on November 06, 2020, representing the official price target for American Superconductor Corp stock. Previously, the target price had yet another raise to $13, while Canaccord Genuity analysts kept a Buy rating on AMSC stock. On July 06, 2018, analysts increased their price target for AMSC shares from 6 to 7.
The Average True Range (ATR) for American Superconductor Corp is set at 2.48, with the Price to Sales ratio for AMSC stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 7.08, with the Price to Cash per share for the same quarter was set at 1.94. Price to Free Cash Flow for AMSC in the course of the last twelve months was 59.91 with Quick ratio for the last quarter at 1.25.
How has AMSC stock performed recently?
American Superconductor Corp [AMSC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.38. With this latest performance, AMSC shares gained by 17.50% in over the last four-week period, additionally plugging by 66.29% over the last 6 months – not to mention a rise of 211.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMSC stock in for the last two-week period is set at 68.53, with the RSI for the last a single of trading hit 75.41, and the three-weeks RSI is set at 63.61 for American Superconductor Corp [AMSC]. The present Moving Average for the last 50 days of trading for this stock 28.28, while it was recorded at 27.53 for the last single week of trading, and 23.77 for the last 200 days.
American Superconductor Corp [AMSC]: Deeper insight into the fundamentals
American Superconductor Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.97.
Insider trade positions for American Superconductor Corp [AMSC]
There are presently around $69.48%, or 72.68%% of AMSC stock, in the hands of institutional investors. The top three institutional holders of AMSC stocks are: BLACKROCK INC. with ownership of 2.54 million shares, which is approximately 8.5298%. BAILLIE GIFFORD & CO, holding 2.21 million shares of the stock with an approximate value of $$51.79 million in AMSC stocks shares; and BAILLIE GIFFORD & CO, currently with $$50.38 million in AMSC stock with ownership which is approximately 7.2216%.
